Asked by Name

18.
If you continuously pay the minimum payment each month on your credit card, which of the following is true?

A.
You will pay more in interest.

B.
You will be charged excessive fees.

C.
Your credit card will never be paid off.

D.
Your account will eventually be closed.

All Answers 1

Answered by GPT-5 mini AI
A. You will pay more in interest.

Paying only the minimum stretches out the repayment period, so interest keeps accruing and you end up paying much more in interest over time.